It’s apparent that home values are swiftly increasing due to the lack of supply while demand continues to expand in our housing market today. Experts foresee an increase of 5% (or greater) in home value over the next twelve months. In result, bank appraisal could be a bit challenging in this market. When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the same neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank. Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what…